Topic
401(k)
519 published works
International Financial Law Prof Blog
MassMutual Settles 401(k) Fee Lawsuit for $31M
Bloomberg reported that - Massachusetts Mutual Life Insurance Co. will pay nearly $31 million to settle a lawsuit claiming that it mismanaged its 401(k) plan ... The lawsuit alleged that…
The Retirement Plan Blog
401(k) Self-Directed Brokerage Accounts: A Cautionary Tale
By Jerry Kalish
A recently filed lawsuit rekindled some old concerns about self-directed brokerage accounts. What are they? Let’s start at the beginning. Self-Directed Brokerage Accounts or “SDBAs” is the name the retirement…
Wills, Trusts & Estates Prof Blog
Millennials Have Troubling Tendency To Withdraw 401(k)’s Rather Than Rollover
Retirement planning is not often a popular topic among younger workers as they are usually more concerned with spending the fruits if their newfound labors than saving for decades down…
The Retirement Plan Blog
Miss the April 30, 2016 PPA Restatement Deadline? Use Plan B.
By Jerry Kalish
The deadline for restating a 401(k), profit sharing, or money purchase pension plan to a pre-approved Pension Protection Act document has come and gone. So what’s a fiduciary to do?…
Wills, Trusts & Estates Prof Blog
401(K) Flaws To Watch Out For
It is common for employees to save for retirement by paying into a 401(k) plan. These plans often have many flaws that can impede retirement savers. People who want to…
Wills, Trusts & Estates Prof Blog
Why Paying For College With A 401(k) Might Not Be A Good Idea
As college tuition costs continue to rise parents and students often struggle to raise the money necessary to afford it. There are a growing number of people who might be…
The Retirement Plan Blog
Boomerang Employees and 401(k) Considerations
By Jerry Kalish
We used to call them “rehires” back in the day: those employees who quit and were hired back. And it didn’t happen all that often. Many companies had policies not…
Compensation & Benefits Blog
On Remand, District Court Rules for the Fiduciaries in Tatum v. R.J. Reynolds
By Neil V. Shah
The R.J. Reynolds defendants have again prevailed against allegations that they breached their fiduciary duties by divesting the RJR 401(k) plan of funds invested in Nabisco stock. Following remand by…
Employee Benefits Blog
IRS Expands Ability of Safe Harbor Plan Sponsors to Make Mid-Year Changes
By Jeffrey Holdvogt, Stephen Pavlick, McDermott Will & Emery
The IRS recently issued guidance providing safe harbor 401(k) plan sponsors with increased flexibility to make mid-year plan changes. Notice 2016-16 sets forth new rules for when and how safe…
Wills, Trusts & Estates Prof Blog
Can A Person Have More Than One 401(k) Plan?
401(k)s are a popular type of retirement plan that private companies typically offer, and people who worked several different jobs in a lifetime can own more than one of these…